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California Offers Industrial Development Bonds for Clean Energy in Manufacturing

The California Power Authority, a new state agency created during last summer's electricity crisis, announced in March the availability of $30 million for low-interest financing for manufacturing companies using or producing clean energy products. The power authority defines clean energy as renewable energy, energy efficiency, or "clean" distributed generation. The low-cost loans will go either to manufacturers that purchase and install such technologies, or to manufacturers who want to establish or expand facilities to produce such technologies. Source: EREN Network News, March 27, 2002.